The January 2014 New Residential Construction report released by the Census Bureau this morning was very weak. Building permits fell from December by a seasonally adjusted 5.4% (-1.3% for single-family homes). Housing starts fell by 16.0% (-15.9% single-family. The annualized single-family starts figure of 573,000 was the lowest in 17 months.
Naturally, Martin Crutsinger at the Associated Press, aka the Administration's Press, blamed it on the weather, and promised that prosperity is coming soon in his very first paragraph. Too bad some of the data he cited clearly refutes the "blame the weather" meme.
While all three broadcast networks happily promoted President Obama's crusade to hike the minimum wage following his State of the Union address, NBC's Today and ABC's Good Morning America only managed to provide a scant 42 seconds of coverage on Wednesday to a new Congressional Budget Office study showing such a move would cause 500,000 people to lose their jobs.
Wednesday's CBS This Morning did offer a 2-minute report on the news, while Tuesday's CBS Evening News provided a 1-minute news brief. NBC Nightly News and ABC's World Newscompletely ignored the topic Tuesday night.
CNBC’s Rick Santelli recalled the five-year anniversary of the stimulus, housing bailout and blowing “a gasket” during “Squawk on the Street” today.
“On Feb. 19 I blew a gasket. But basically, what was born at that point was the voice of dissension. How do we know that? Many of course still remember the IRS issues. President said maybe there wasn’t a smidgen of, of, of negativity there or news there or anything inappropriate there,” Santelli explained. “But it seems like, if you look back, it was February of 2009 where all of that started if you look at some of the IRS records. But dissension was born!” (Video Below)
Five years ago, CNBC’s Rick Santelli reacted to the possibility of a mortgage bailout with frustration on live television. Quickly, his speech on the trading floor became known as the “rant heard round the world.”
Santelli, an on-air editor who reports live from the Chicago Board of Trade, is frequently interviewed during “Squawk Box” and “Squawk on the Street.” It was during one of those morning discussions on Feb. 19, 2009, that Santelli let loose on a potential bailout of homeowners arguing that “the government is promoting bad behavior” and proposing that capitalists gather in Chicago for a “Tea Party.”
CBS was the only network on Tuesday evening to highlight a CBO report that President Obama's proposal to hike the minimum wage would cost 500,000 jobs.
The CBO report was released Tuesday afternoon and estimated that the wage increase would boost 900,000 Americans above the poverty line but would also result in the loss of half a million jobs. CBS was the only network to report the news; neither NBC nor ABC touched on the CBO report.
File this under "Pathetic" and "Predictable." On Alex Wagner's MSNBC show yesterday, Wagner set up Timothy Noah, an MSNBC.com columnist, with the latest and most desperate excuse for the UAW's failure to gain the ability to represent VW-Chattanooga workers in a plantwide election last week. She did so by referring to an American Prospect column earlier in the day by Harold Meyerson, who blamed "the politics of race and culture" for the loss.
Noah predictably took the bait, even though "race" was not mentioned once in any coverage I saw in 2-1/2 days after the election until Meyerson went there. Video and a transcript, followed by a couple of jabs at Meyerson by yours truly, follow the jump (bolds and numbered tags are mine):
You might think that journalists would consider the prospect of sharply rising electricity costs in a nation blanketed by an extraordinarily cold, snowy winter and buffeted by its accompanying high utility bills hugely newsworthy.
You would be wrong. Searches on the last name of Julio Friedmann, the deputy assistant secretary of the Energy Department who testified at a congressional hearing on energy costs and technology last week, return very few results (here and here), none from a major general circulation establishment press outlet. One business-oriented outlet, Bloomberg BusinessWeek, covered Friedmann's testimony on the impact of the EPA's new "carbon capture" rules. In doing so, reporter Mark Drajem included some incoherence and misdirection (bolds are mine):
The big story about the federal budget this week was the Republican Party's struggle to deal with raising the debt ceiling. Last year's big budget story was President Barack Obama and the Democrats coming to grips with the so-called sequester, a policy gimmick that modestly slowed the growth of federal spending.
Neither of these storylines came anywhere close to dealing with reality. The two teams of Washington insiders get hung up on these side issues because they're better at symbolism than substance.
The folks at the Associated Press, aka the Administration's Press, are really having a hard time processing the UAW's failure to gain the ability to represent Volkswagen's Chattanooga, Tennessee workers in an election held last week. AP journalists, who themselves are members of the News Media Guild, are exhibiting characterstics of still partially being in Stage 1 (Denial) but mostly Stage 2 (Anger) of the grieving process.
A Monday evening report by Tom Krisher and Erik Schelzig comes off more as a "put up or shut up" dare to those who opposed UAW representation than anything resembling objective reporting. The pair wants to know what Republicans are going to do achieve job growth in the wake of the UAW loss. The obvious response is that despite well-known federally-imposed regulatory barriers to job growth, Tennessee Republican Governor Bill Haslam and the Volunteer State's GOP-controlled legislature have been doing a far better than average job, if you will, of creating a conducive atmosphere for payroll employment growth in the state. But first, let's visit our in-mourning AP reporters and headline writer (bolds are mine):
MSNBC.com has drawn a line in the sand regarding where it stands on the “consensus” of man-made climate change. Following Bill Nye’s appearance on Sunday’s Meet the Press, MSNBC.com’s Ned Resnikoff continued to peddle the liberal line on climate change and conveniently dismissed any skepticism of human involvement on the issue.
Just yesterday, David Gregory, moderator of Meet the Press, used the term “consensus” six times when objecting to Rep. Marsha Blackburn’s (R-Tenn.) hesitation on whether or not the federal government should spend billions of dollars on climate change related programs. Resnikoff must have gotten Gregory’s memo as he ran a website article nearly mirroring Gregory’s liberal talking points on climate change, including using the “consensus” phrase.
On Fox News Sunday earlier today, George Will got in some tremendous rips at global warming/"climate change" alarmism.
Although Will's criticism was primarily aimed at politicians, we cannot overlook the fact that their enablers in the establishment press have made their immature "climate denier" and "flat earther" name-calling rants possible by unskeptically allowing their so-called "settled science" to be seen as explanations for Britain's recent floods and California's droughts. President Obama is pushing the drought nonsense, when it's bad man-made water policy which is to blame. Video and the relevant portion of the FNS transcript are after the jump (HT Mediaite; bolds are mine):
Candy Crowley is no stranger to injecting herself into political debates. Readers of NewsBusters will remember that her worst offense was during a 2012 presidential debate when she teamed up with President Obama to attack Mitt Romney over Benghazi.
Despite Ms. Crowley’s past offenses, Ms. Crowley continued to show her dislike of the GOP during her February 16 State of the Union program. Speaking to her panel, Crowley invoked the famous song from “The Sound of Music” to ask “How do they solve a problem like Ted Cruz in the Republican caucus in the Senate?” [See video below.]
The three Associated Press reports I've seen on the UAW's failure to win the right to represent hourly workers at the Volkswagen plant in Chattanooga, Tennessee — the first two were covered in NewsBusters posts here and here; the wire service's 3:52 p.m. report is here — all mention in one way or another what UAW President Bob King is now calling "unprecedented outside interference" in the runup to the election. (VW, which can only run the factory with the kind of "workers councils" it has at its other worldwide plants in the U.S. if its workers are represented by an outside union, supported the UAW's efforts.)
But AP reporters Tom Krisher and Erik Schelzig, as well as panelists discussing the aftermath on Melissa Harris-Perry's MSNBC program this morning, "somehow" ignored the "outside interference" of the person who holds the most powerful political office on earth. That's right. President Obama, whose National Labor Relations Board conducted the election, weighed in on Friday morning with statements at a "closed door" meeting which were clearly designed to be leaked. Here is what Richard Cowan and Bernie Woodall at Reuters reported on Friday morning (HT Gateway Pundit):
Following revisions to initial stories at the Associated Press, aka the Adminstration's Press, can be a revealing if sometimes tedious exercise.
A case in point is how reporters Tom Krisher and Erik Schelzig, who are both more than likely represented by the News Media Guild in their jobs at the wire service, changed the tone of their second report following the rejection by employees at Volkswagen's Chattanooga, Tennessee plant of representation by the United Auto Workers union. And speaking of changed tones, UAW President Bob King suddenly moved from conciliatory to confrontational in the 3-1/2 hours between the first and second AP reports.
Late news out of Chattanooga, Tennessee Friday night was that workers at that area's Volkswagen plant rejected representation by the United Auto Workers union.
The opening paragraph at the 11:17 p.m. story filed by Tom Krisher and Erik Schelzig at the Associated Press, both of whom are more than likely members of the News Media Guild, calls the result "devastating." Later paragraphs imply political tampering, and indicate that the union is considering doing what leftist losers routinely do — try to get the result overturned with government help. Excerpts follow the jump (bolds are mine throughout this post):
In yet another example of revisionist history, MSNBC.com’s Suzy Khimm conveniently blamed the GOP for Congress’s failure to extend unemployment benefits, leaving out how Senate Majority Leader Harry Reid (D-Nev.) has repeatedly prevented votes on GOP amendments to offset unemployment benefit spending with cuts elsewhere.
Khimm lamented how "With a major snowstorm approaching the East Coast, Congress decided on Wednesday it had some urgent business to take care of before going home for recess…extending federal unemployment benefits for the long-term jobless didn’t make the list."
The left’s push to increase the federal minimum wage was renewed in January, even being promoted by the president. The networks’ covered the topic from the left, ignoring concerns about wage hikes the vast majority of the time.
ABC, CBS and NBC news programs ignored conservative objections to minimum wage proposals 89 percent of the time (17 of 19 stories), immediately undermining these views when they were mentioned.
All three network morning shows on Wednesday cheered House Republicans giving up on trying to attach conditions to raising the nation's borrowing limit. On NBC's Today, news reader Natalie Morales proclaimed: "America is one step closer to being able to pay its bills next month." None of the coverage acknowledged that the move actually meant adding to the nation's massive $17 trillion debt without making any effort to reduce government spending. [Listen to the audio or watch the video after the jump]
On ABC's Good Morning America, co-host George Stephanopoulos touted "some good news coming out of Washington" as the "debt limit finally passed without real controversy." White House correspondent Jon Karl gushed: "Yeah, this was a really big deal. Republicans completely backed down on this. No strings attached, did exactly what President Obama asked them to do..." Stephanopoulos added: "First time in three years."
In a column supposedly published on Sunday but "updated" on Saturday (I'm not kidding), Collins assessed the aftermath of the Supreme Court's odious Kelo v. New London decision in 2005 in reacting to a lengthy story by Charlotte Allen in the February 10 issue of the Weekly Standard. In the process, he betrayed two erroneous mindsets about the case which I believe are common among members of the establishment press. The first is that it was purely a matter of "conservatives" backing property rights against "liberal interventionism." The second is his contention that the total lack of any development in the contested area in the nearly nine years since the Court's decision "is not that compelling beyond New London."
The ABC World News cheered Tuesday's "breakthrough" debt deal with nary a mention of the rising national debt.
The House voted to raise the debt limit with no conditions, yet ABC cast the development as entirely positive. Correspondent Jeff Zeleny hailed the move as "a huge breakthrough for the dysfunction that really has held this capital hostage for nearly three years."
This past Monday, Andrew Theen at the Oregonian reported that "Trader Joe's is backing away from a development in Northeast Portland," citing, in the company's words, "negative reactions from the community."
Actually, the vast majority of "the community" wanted the grocery chain to build in the once bustling but now troubled area. Theen quoted Portland's "city leaders" as calling the decision "a loss for the city and particularly for Northeast Portland." Neighbors and business owners in the area, described here as "once the heart of Portland’s African-American community," had been "thrilled" about the project. It's people who largely aren't part of that community who opposed the deal. On Friday, as will be seen after the jump, Theen had a chance to fully expose the radical, backward-looking grievance mongers who stopped progress, and to a significant extent blew it.
Leftist delusions can be amazing things. One of them is that the financial deck is stacked against their candidates and causes.
Reid Wilson at the Washington Post attempted to explain it all on Friday. On the plus side, at least he didn't try to pretend, as Evan Halper at the Los Angeles Times did in late December, that there's no one donating to Democrats and progressive causes with the financial clout of the Koch brothers except billionaire and relative newbie activist Tom Steyer. But while Wilson recognized the existence of large Dem donors, he bemoaned the fact that they are supposedly not as well organized, and that their motives, unlike the Kochs, are pure. Really (bolds are mine):
One of the more annoying aspects of business press reporting is its participants' singular focus on seasonally adjusted data to the exclusion of the underlying figures.
Many reports on the economy at least tag the figures reported as seasonally adjusted; but there seems to be a trend away from doing even that. For example, the Associated Press has routinely labeled weekly initial jobless claims as seasonally adjusted (examples from about a year ago are here, here, and here), but Thursday's adjusted claims figure of 331,000 and the 348,000 from a week earlier went unlabeled (as seen here and here, respectively). Additionally, none of the three main wire services (AP, Bloomberg, Reuters) described yesterday's reported increase in employment as "seasonally adjusted" (though the AP's Christopher Rugaber did report that the unemployment rate of 6.6 percent was seasonally adjusted). In failing to do so, they all were in essence telling readers that the economy really added 113,000 jobs in January. The truth is that it lost over 2.8 million of them:
Ken Shepherd at NewsBusters made reference Tuesday to an Associated Press story headline ("Modest drop in full-time work seen from health law") indicating that the outfit I prefer to call the Administration's Press is furiously spinning in reaction to Tuesday's report from the Congressional Budget Office projecting that Obamacare will reduce full-time-equivalent employment from what it would have been without the law by 2.5 million over the next 10 years.
The underlying content of the story Ken referenced is weak, as is Calvin Woodward's longer "fact check" ("ANTI-OBAMACARE CHORUS IS OFF KEY") currently carrying an early Thursday time stamp. Woodward's piece is especially troubling in how it seems to treat work as a curse instead of a necessary component of societal progress. But let's first look at the full "modest drop" dispatch.
Yesterday afternoon three red state Democratic senators -- plus Rep. John Barrow (D-Ga.) -- joined a number of Republican legislators and the Canadian ambassador to the United States at a press conference called to publicly press President Obama to approve the long-delayed Keystone XL oil pipeline.
Such a show of bipartisan and international agreement on an economic-development issue is surely worthy of attention by the broadcast news media, and yet ABC, CBS, and NBC all ignored the development on both the February 4 evening newscasts and the February 5 morning news shows. Here's how Matthew Daly of the Associated Press reported the development in his Tuesday afternoon piece, "Broad coalition backs Keystone XL oil pipeline" (emphasis mine):
Liberal MSNBC anchor Ed Shultz incurred the wrath of his left-wing audience when he publicly came out in support of the construction of the Keystone pipeline. The host on Wednesday took the step of reading angry tweets on the Ed Show and responding to them. Aware that he was daring to leave the liberal reservation on this one issue, Schultz called the pipeline "controversial" and began, " Now, I know a lot of my viewers are surprised at my position on this." [See video below. MP3 audio here.]
The anchor quoted one tweet from a viewer who demanded, "We need to stop all oil and gas extraction." Schultz retorted, "Well, my response to that is the hard cold truth is the United States is an oil and gas dependent country and we're going to be for the foreseeable future." In the unfamiliar role of fending off liberal rage, he continued, "And I think it really is a disservice to the conversation and the debate to take an all-or-nothing approach to this." In a final jab at his critics, Schultz concluded, "We're not really confronting reality here."
Following White House talking points to the letter on Wednesday's The Daily Rundown on MSNBC, host Chuck Todd bemoaned how "Republicans immediately seized on" the Congressional Budget Office report on ObamaCare costing the economy over 2 million jobs "and spun it the way they want to spin it." He fretted that Democrats would have a tough time defending ObamaCare "in the world of sound bites and 30-second TV ads." [Listen to the audio or watch the video after the jump]
Talking to former CBO director Doug Holtz-Eakin minutes later, Todd complained: "On health care, a lot of your Republican friends are taking it [the CBO report] and calling it – it is an unfair statement to – they should not be saying this is costing 2 million jobs, is that right?"
While both CBS This Morning and ABC's Good Morning America both managed some air time on Wednesday to cover a new Congressional Budget Office report showing ObamaCare will cost the American economy about 2.5 million jobs, NBC's Today couldn't be bothered to mention the troubling news.
The NBC morning show did have time to provide a three-minute report on the latest bad behavior by pop star Justin Bieber, over a minute of coverage to the mascots for the upcoming Olympic games, and over a minute showing viewers how to play the new Flappy Birds game app on their phones.